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What happens if you get unexpected money after bankruptcy was discharged?
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∙ 11y ago
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Wiki User
∙ 11y ago
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What happens if your bank goes to bankruptcy and you owe money to them?
You still owe money.
If your wages were garnished and your employer is holding the money in an account how do you get the money released to you after bankruptcy has been awarded?
The back wages will not be released to the employee until the bankruptcy is discharged and the employer is notified by the court that the arrearages have been exempted from seizure.
What happens when you owe a school money?
Unless you have some extreme circumstances, you will always owe education debt. By that I mean, that education debt is something that will remain with you until it is paid and will not be discharged under any type of bankruptcy scheme.
Should the balance of a creditor you filed chapter 7 on show zero on your credit report after it has been discharged?
No. Bankruptcy discharge does not mean the money isn't owed. It means that creditors cannot attempt to collect it. The money will always be owed. Accounts included in bankruptcy will stay on the cr marked included in bankruptcy, for the full seven years.
What happens to your money if your bank files for bankruptcy?
Banks are insured up to 100,000.00 by the government.
Do you have to report money won after bankruptcy was discharged?
No. Done is done.
Paying back a discharged loan after chapter 7 bankruptcy?
There is no reason to repay a loan after a discharged bankruptcy, if you have done so, you can reclaim all your money from the creditor (you'll have to go through court).
When a person files bankruptcy in October and then wins money in a lottery are they required to report the winnings to the bankruptcy court?
You would only need to report the winning ticket if the bankruptcy was not discharged.
If you file for bankruptcy then shortly after you come into a decent sum of money can creditors go after that money?
The money might be included in the bankruptcy even is a discharged has occurred. The time between the discharge and the receiving of the money would be the deciding factor. If the bankruptcy has not yet been discharged the money might be included in the procedure as assets, unless it held exemption status.
Chapter 7 discharged bankrupcya cousin is now trying to take you to court for money that you borrowed a year before you filed for bankruptcy are you protected under the bankruptcy?
If you included it in your bankruptcy, you're protected by the discharge. If you didn't and you're already discharged from Chapter 7, you may not be protected. I suggest you discuss this with your bankruptcy lawyer.
What happens if your bank goes to bankruptcy and you owe money to them?
You still owe money.
If your wages were garnished and your employer is holding the money in an account how do you get the money released to you after bankruptcy has been awarded?
The back wages will not be released to the employee until the bankruptcy is discharged and the employer is notified by the court that the arrearages have been exempted from seizure.
What happens when you owe a school money?
Unless you have some extreme circumstances, you will always owe education debt. By that I mean, that education debt is something that will remain with you until it is paid and will not be discharged under any type of bankruptcy scheme.
Can a judgment be collected from a dissolved corporation?
The judgment would have to be presented to the bankruptcy court. Wow! Who mentioned bankruptcy? This is a money judgment against a admin dissolved corp. If bankruptcy had been filed the judgment, if listed, would be discharged and worthless.
Will my kids father going into bankruptcy stop you from receiving child support?
Child support is not discharged in bankruptcy. However, there is sometimes a temporary hold on collecting any debt. And if the obligor has filed bankruptcy, it seems likely that he doesn't have money for child support.
Can my attorney's fees be placed on my bankruptcy?
Bankruptcy attorneys will collect all money due to them prior to them filing the bankruptcy case in court because uncollected fees will be discharged. If you're talking about unpaid attorney's fees for other legal matters, they will be discharged, unless the attorney has had you sign a lien on real estate or other collateral which has been perfected as required by state law.
What happens when a business is owed money by a company that files for bankruptcy?
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